2023-08-25T12:58:14-05:00 2023-04-25 PwC US Tax LLP 300 Madison Avenue New York NY 10017 990EZ 2023-01-01 510439609 CBRE FOUNDATION INC % CBRE INC CBRE 2159217444 2221 ROSECRANS AVENUE SUITE 100 EL SEGUNDO CA 90245 MARIA MINETTI TREASURER 2159217444 2023-08-21 true MARIA MINETTI 999009999 MEREDITH MONROE P01441362 6464713000 2023-08-14 2022 2023-04-26 12:10:37Z X LIQUIDATION X WWW.CBRECARES.COM X X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X CBRE IS COMMITTED TO FULFILLING ITS ROLE AS A RESPONSIBLE CORPORATE CITIZEN BY SUPPORTING THE PHILANTHROPIC PASSIONS OF OUR EMPLOYEES IN THE COMMUNITIES IN WHICH THEY LIVE AND WORK, INCLUDING LOCAL COMMUNITY OUTREACH AND DISASTER-RESPONSE PROGRAMS. THE ORGANIZATION CEASED OPERATIONS AND HAS DISSOLVED. 0 0 0 MICHAEL J LAFITTE DIRECTOR 0.04 0 0 0 JOHN JACK E DURBURG DIRECTOR 0.04 0 0 0 TIMOTHY A DISMOND DIRECTOR & PRESIDENT 0.04 0 0 0 CHANDRA DHANDAPANI DIRECTOR 0.04 0 0 0 MARIA MINETTI TREASURER 0.04 0 0 0 VERONICA HAYDEN SECRETARY 0.04 0 0 0 CINDY KEE ASSISTANT SECRETARY 0.04 0 0 0 false false false false true false false false CBRE INC 2221 ROSECRANS AVENUE SUITE 100 EL SEGUNDO CA 90245 2159217444 false false false false false false false false false false false NONE 0 NONE 0 true X 1750941 15570565 7060592 1084720 0 25466818 0 0 1750941 15570565 7060592 1084720 0 25466818 22948262 2518556 842 48 0 0 0 890 0 0 25467708 0.09889 0.12830 X SCHEDULE A, PART 11, LINE 17B - Facts and Circumstances Support How the CBRE Foundation is Organized The CBRE Foundation was formed in 2002 and from its founding has proudly operated as a public charity. Grantmaking goals have fluctuated over the years but generally the Foundation has focused on charitable giving to local non-profit organizations in various cities to provide shelter, food and other essentials to broad-based underserved populations. The bulk of contributions to the Foundation until 2020 came almost exclusively from outside organizations through fundraising events, and through many small donations ($200 or less) from CBRE, Inc., employees. CBRE, Inc., is a for profit corporation. In this way the Foundation has always been able to meet the 33-1/3 percent public support test under Sections 170(b)(1)(A)(vi) and 509(a)(1) of the IRC while engaging in community giving to local and national public charities. However, in 2020 a few changes to the Foundation's programs began impacting the public support percentage: (1) The Foundation implemented an online technology solution to manage the matching gift program which created greater efficiencies, but also meant that the Foundation was no longer taking in those donations as they were now being directed straight to the vendor causing a significant decrease in individual donations to the Foundation, (2) Due to the pandemic, fundraising events were cancelled which also greatly reduced support received from the public, and (3) Due to the various world-changing events of 2020, CBRE Inc made a large contribution to support the efforts of the Foundation which, in conjunction with a decrease in public support as described above, is the reason the public support percentage began to fall below the threshold. In 2021 the Foundation planned to reinstitute fundraising events, reevaluate the use of the technology solution to manage matching gifts and hire a full-time manager to provide better accountability and oversee fundraising and grantmaking activities. After strategic review of the technology solution it was decided that removing it would be detrimental to donors and that the Foundation would keep it in place and focus on increasing fundraising events. The unexpected continuation of pandemic restrictions prohibited the Foundation from organizing in-person fundraising events for the second year in a row. The Foundation quickly pivoted to focus on online fundraising which did not prove to be as successful as in-person events. The feedback received indicated a lot of donor hesitancy due to uncertainty about the economy and donor fatigue (receiving numerous donation requests). The Foundation continued to utilize various communication channels to encourage donations, but still failed to reach its goals. Additionally, the Foundation launched a strategic initiative (described below) to focus charitable giving on (1) climate action, and (2) workforce development and educational programs for diverse populations. In a departure from past practices, the Foundation sought substantial contributions from CBRE, Inc., with the goal of kicking off the new strategic charitable program until (1) program staff could implement a fundraising plan to increase contribution levels from various outside organizations and the general public, and (2) the board of directors could expand by recruiting qualified experts with varied professional expertise and experience to guide grantmaking decisions. Unfortunately, in 2021 efforts to raise money from the general public and outside groups came up short and due to the generous giving of CBRE, Inc., the Foundation seeks to qualify as a public charity under the so-called 10 percent facts and circumstances test because of the unusual circumstances primarily stemming from the pandemic CBRE Foundation Operations In 2021 CBRE Foundation awarded $7.9 million in grants to numerous national and local Section 501(c)(3) public charities to advance various charitable activities benefiting a diverse and broad range of communities and individuals. In 2021 the board of directors made a decision to hire foundation professionals to develop and implement a strategic approach to charitable giving. An active and public search was conducted and an experienced foundation and non-profit professional was hired as the Foundation's first full-time Manager. The Foundation Manager was tasked by the board to formulate a long-term strategic approach to fundraising and grantmaking that would have a lasting impact on targeted populations and the global environment. The Foundation Manager consulted with experts in other foundations and the private sector to identify methodologies to leverage charitable resources to (1) foster a new generation of business leaders in underserved populations and (2) provide models to the private sector, particularly real estate companies, to help create innovative solutions to pressing climate problems. After surveying numerous academic, business and thinktank experts, the Foundation rolled out a new strategy for grantmaking centered around three critical substantive areas. The pillars of the grantmaking program are to fund organizations that (1) help build a diverse workforce of tomorrow through an emphasis on training and education that fosters development of professionals and skilled workers in underserved communities; (2) play a leading role on climate action initiatives focused on decarbonization, conservation and other select environmental strategies - particularly as applicable to the real estate sector; and (3) improve the community of Dallas through partnerships and grants to local non-profits focused on economic, workforce, youth and sustainable development initiatives. In consultation with outside experts and community leaders, the board approved targeted grants to 14 nonprofits with subject matter expertise that serve various large and traditionally underserved populations and communities. Examples of the Foundation's grantmaking include but are not limited to: A Diverse and Skilled Workplace The Foundation targeted funding to establish and grow partnerships with key nonprofits that increase education and career opportunities for underrepresented populations, including people of color, women, military service members and veterans, people with disabilities, and LGBTQ+ individuals. The Foundation's collaborations included: Asia Pacific Islander American Scholarship Fund, Bridges from School to Work, Girls, Inc., Hiring Our Heroes, Hispanic Scholarship Fund, Point Foundation, Project Destined, and the Thurgood Marshall College Fund (TMCF). Climate Action The Foundation focused on combating climate change and reducing environmental impact on people and the planet by partnering with public charities such as the Institute for Sustainable Communities (ISC) and the Rocky Mountain Institute (RMI). The specific goals of these programs were to help develop methodologies for businesses to strike the balance between significantly reducing carbon emissions while enabling communities to thrive. With the Foundation's support, ISC advanced equitable climate solutions globally and promoted the resilience and decarbonization of cities. RMI leveraged Foundation support to help transform the global energy system through efforts to bring buildings to the forefront of a zero-carbon future. The Dallas Initiative The Foundation supported community betterment initiatives in the city of Dallas where the headquarters of CBRE Group, Inc., is located. To be clear, this community strategy and specific grants were not directed by the senior management of CBRE Inc., but were instead driven by Foundation staff and the underlying strategy approved by the Foundation's board. Specific grants included but were not limited to public charities such as Behind Every Door, the Dallas chapter of Girls, Inc., and the I Am a Golfer Foundation. These partnerships will help expand opportunities for young people in underinvested communities so they can forge healthy, happy, engaged and productive lives. The general goal is to help foster the next generation of civic and business leaders within the Dallas community. CBRE Foundation's Continuing Status as a Public Charity THE FOUNDATION IS ORGANIZED AND HAS PROUDLY OPERATED AS A PUBLIC CHARITY FOR TWENTY YEARS. THE FOUNDATION'S CHARITABLE GIVING TO WELL-KNOWN AND DIVERSE COMMUNITY AND NATIONAL PUBLIC CHARITIES; ITS BROAD-BASED FUNDRAISING AND CONTRIBUTION SOURCES OVER THE YEARS; AND THE BOARD'S COMMITMENT TO WORKING WITH COMMUNITY LEADERS AND OTHER EXPERTS TO DEVELOP IMPACTFUL GRANTMAKING STRATEGIES ARE CORNERSTONES OF MAINTAINING EXEMPT STATUS AS A PUBLIC CHARITY. FOR THESE AND OTHER REASONS THE BOARD BELIEVES THAT THE FOUNDATION MEETS THE 10 PERCENT FACTS AND CIRCUMSTANCES TEST IN 2022. GOING FORWARD THE BOARD HAS ASSESSED THE FEASIBILITY OF PURSUING THE FOUNDATION'S RECENTLY ADOPTED STRATEGIC PLAN WHILE MAINTAINING PUBLIC CHARITY STATUS THROUGH THE 33-1/3 PERCENT PUBLIC SUPPORT TEST UNDER SECTIONS 170(B)(1)(A)(VI) CASH 2022-12-29 214537 BOOK 451813056 EMERGENCY ASSISTANCE FOUNDATION IN 700 S DIXIE HWY WEST PALM BEACHFL WEST PALM BEACH FL 33401 501(C)(3) false false false false true true true true false SCHEDULE N, PART III THE ORGANIZATION CEASED OPERATIONS AS OF 12/31/2022 AND MADE A LIQUIDATING DISTRIBUTION TO A 501(C)(3) PUBLIC CHARITY. THE ORGANIZATION FILED FORMAL DISSOLUTION DOCUMENTS WITH THE STATE OF CALIFORNIA AS OF 4/25/2023.